Tag Archives: financial risk in construction

Why Contractors Fail

There has been significant research performed to determine why construction companies struggle financially, why they are dysfunctional and why some ultimately fail. The top 10 reasons (in no specific order) are basically business fundamentals and grouped as follows: Lack of a Clear Vision Casting and Defining Corporate Values / Goals and a Solid Market Value […]

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Basic Survival Questions for Today’s Challenging Construction Marketplace

 To survive and prosper in today’s marketplace it is imperative you, as the owner or top management, spend time evaluating your company and the marketplace. Below are some high level questions you might want to ponder. Do you have clearly defined goals for your company and a vision you can articulate to your employees and […]

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Survival or Success in The Construction Industry – The Choice is Yours

We have been, and are still, in one of the most challenging business environments any of us will ever experience as contractors, subcontractors or service providers. But the most fascinating fact is that many businesses are busier and more profitable than ever. What’s Up With That?? The answers might be simpler than you think. While […]

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Applying Historical Principles to Grow Your Construction Company

In these tough economic times, we see construction companies surviving and growing and those failing or just fading away. Interestingly enough, the Bible reveals some time-tested principles that we should all heed and apply in our daily lives. As a Trusted Advisor to the industry, I have observed one interesting phenomenon regarding companies that fail.  […]

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Shareholder and Employment Agreements – Guaranteed Disaster If Not Executed When Forming Your Business

We all know the scenario. You may even have been, are there now or could find yourself there in the future. Two or more seemingly intelligent people decide to go into business together. They discuss their business plan, have a beer or two and talk about their future success and money they will make. Convinced, […]

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